(a) The following terms pertain to the forming of a corporation: (1) charter, (2) by-laws, and (3) organization costs. Explain the terms. (b) Lisa Bast believes a corporation must be incorporated in the state in which its headquarters office is located. Is Lisa correct? Explain.

Chapter 11, Questions #3

  (a) The following terms pertain to the forming of a corporation: (1) charter, (2) by-laws, and (3) organization costs. Explain the terms.

  (b) Lisa Bast believes a corporation must be incorporated in the state in which its headquarters’ office is located. Is Lisa correct? Explain.

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Related Book For answer-question

Financial and managerial accounting

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

ISBN: 978-1118016114